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20121202
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team are demanding that congress allow bush era tax cuts to expire. >> there is no responsible way we can govern this country with those low rates in place for future generations those rates have to go up. >> reporter: republicans have drawn a line in the sand on raising tax rates signaling they are open to raising revenue by reforming the tax code and limiting reductions for the wealthy. >> right now i would say we are nowhere. >> reporter: president obama asking for 1.6 trillion in new tax revenue over 10 years, boehner is offering half that. the president offering 600 billion dollars in cuts to medicare and other programs. the speaker says that is not enough. he hasn't outlined what he thinks should be cut. if they can't avoid the fiscal cliff, january 1st, nearly every american will pay more income tax between $2,000 to $2400 for the average family, 2% cut in payroll taxes will disappear, 500 billion dollars in automatic spending cuts in effect, half at the pentagon the other half from educating, transportation, food safety and research. economists fear if washington can strike a
yesterday. the main sticking point is still about tax cuts that are set to expire. also the president's demand that wealthy pay more. the uncertainty of what will happen is starting to have an impact on charities. donations of down. >>> the food pantry at the saint anthony foundation in san francisco is in good shape but overall donations are down for the year >> we are a little behind where we would like to be or budgeted to be. >> the director said the charity has seen interesting trends this holiday season that may have to do with the impending fiscal cliff >> we are seeing people who have never given us a stock donation before stepping up and making that kind of gift to us. >> they could be concerned that the tax deductions for charitable giving would be cut next year, saving the government money. private wealth advisor said it can make sense to get nor bang for your donation buck. that would help charities this year but people may be less generous in years to come. >> people who would like to donate, some had this year and potentially some this year, may try to double up and dona
of survivors will attend the 48th annual beacon in honor of pearl harbor day. >>> coming up, tax refund checks california is itching to give away. what you need to know to find out if one is yours. >>> despite that is leaving a rotting mess on a posh >>> good phoerpbl. a lot of fog inland by the afternoon all seeing more sunshine than yesterday upper 50s to low 60s this is just the beginning of the warming trend doppler across the state you can see radar returns are well up into oregon, dry with 50s and 60s los angeles and palm springs mid 70s to low 80s there. if you are heading to the sierra tahoe will be making snow, mother nature not going to provide new powder this weekend. 51 friday, 42 for a high sunday. >>> good morning. so far friday light. good visibility on the san mateo bridge, traffic flowing nicely no delays, everybody is at the limit towards the highrise up and over towards san mateo eastbound hayward side too no metering lights yet crowded at the bay bridge toll where you can see cash paying folks are slightly delay. new accident sunol grade southbound 680 at south mission. >>>
are expected to vote to officially shut them down for good after voters rejected a parcel tax in november. measure q would have preserved existing levels of fire service. officials say they will have to scale back responses to low priority calls. >>> investigators looking into a deadly cabin fire near fairfax say it was caused by a marijuana glowing operation. a body was found burned in the cabin. the fire chief says the source of the blade was illegal wiring feeding -- of the blaze was illegal wiring feeding electricity into that shed. >>> a water line under mountain view drive ruptured following sunday's storm causing the road to collapse. repairs are expected to cost hundreds of thousands of dollars. >>> soon workers blaming a clogged sewer line backed up and broken sewer lines all over that region sewage started spilling out of a money hole sunday morning, 30,000 gallons they are not sure if it reached a nearby creek. >>> tentative settlement between port of oakland and union as oakland is getting extra business because of a port strike in long beach and los angeles. clerical workers
associated press poll shows there is clear support for president obama's insistence on raising taxes on highest income earners. in the poll 48% want the cuts on income exceeding $250,000 a year to expire in january, while continuing them for everyone else, 30 to% wanted to renew -- 32% wanted to renew tax cuts for everyone. >>> this afternoon, the 49ers' new stadium will reap a construction milestone crews will erik the uppermost structural steel beams 200 feet above the ground. -- 49ers ceo york and other dignataries will hold a ceremony. the two beams pained gold will bear signatures of the projects 570 construction workers, 49ers as well as santa clara city leaders. the work began in july. the stadium remains on schedule to open for the 2014 season. >>> we had 49er day earlier in season now it is raiders day. >>> definitely going to be a tough morning. not hanging heavy over the bay bridge or as we look at the ferry building from downtown san francisco wind blowing out of the west keeping dense fog from forming. also what is pushing the moisture into the atmosphere and why we have
. the forecast says the new tax revenues ungovernor brown's prop 30, will slow -- under governor brown's prop 30 will slow economic growth but not derail recovery. the jobless rate in california should average 10.5% by the end of the year. it should improve to 9.7% in 2013 and fall further to 8.4 in 2014. one other note of good news, u.s. banks seeing best profits in six years and are therefore leaning more freely. katie marzullo, -- lending more freely. katie marzullo, abc7 news. >>> president obama speaks to business leaders this morning over how to avoid the fiscal cliff. currently no plans for congressional leaders to meet with the president at the white house. if no deal is reaped by year's end everyone's taxes will go up and massive cuts will take place, affecting defense and social spending. >>> when we came in this morning, just mist and drizzle. >> i hardly had to use my wipers. that is changing for a lot of folks. >> it is. right now as you look at our roof cam, nice batch of light to moderate rain falling now over the embarcadero. not so heavy we can see the ferry building and the bay
week of talks but failed to reach a compromise in tax cuts. huge cuts and increases kick in the 1st of the year if they don't make a deal. don't nice at 8:00 this morning on abc7. right here right now is meteorologist lisa argen with a preview of the accuweather forecast. >> we do have a veil of some higher clouds out there. we are seeing less fog, as well. temperatures mainly in the 40s. we will talk about how much sun if we are going to see the warmup, how long it will last, that's straight ahead. >> and there's another ♪ [ female announcer ] nature exists on the grandest scale... ♪ ...and in the tiniest details. ♪ and sometimes both. nature valley granola thins pack the big taste of granola and dark chocolate into one perfect square, under 100 calories. nature valley granola thins. nature at its most delicious. >> welcome back, everyone. thanks for getting up early and watching the abc sunday morning news. here's a live look at the golden gate bridge. today on either side of the span, the immediate side of the span, it will number the low 60s. that means in marin county and
and higher taxes for everybody? treasury secretary timothy geithner discusses potential impacts on the economy as the high stakes political poker game plays out on capitol hill. it's all coming up on abc this week with george stephanopoulos right here on abc7. >>> a san francisco man and his lost service dog are back together this morning. it's a story you will see only on abc7 news. >> good girl! oh, my sweetness! >> we first brought you the story nearly two weeks ago after someone stole his best friend and constant companion from outside the davis medical center. he took lola, a four-year-old yorkshire terrier everywhere, including to his dialysis appointments. his neighbor tracy took up the cause to find lola and got an e-mail yesterday. >> a woman said i found a dog running around lake merit in oakland and i could tell it was probably lost. i brought it home and i think it's your dog. >> thank you everybody so much! >> and it was, indeed, lola. the woman who found the dog called us first, and we gave her the neighbor tracy's e-mail. so quite the reunion there. we are so happ
Search Results 0 to 7 of about 8

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